Saudi Arabia: Imports, billion dollars

* indicates monthly or quarterly data series
 Saudi Arabia

Imports of goods and services, billion USD

 Latest value 292.28
 Year 2023
 Measure billion U.S. dollars
 Data availability 1968 - 2023
 Average 89.65
 Min - Max 1.04 - 292.28
 Source The World Bank
The latest value from 2023 is 292.28 billion U.S. dollars, an increase from 258.21 billion U.S. dollars in 2022. In comparison, the world average is 168.93 billion U.S. dollars, based on data from 138 countries. Historically, the average for Saudi Arabia from 1968 to 2023 is 89.65 billion U.S. dollars. The minimum value, 1.04 billion U.S. dollars, was reached in 1968 while the maximum of 292.28 billion U.S. dollars was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Saudi Arabia - Imports, billion dollars - Recent values chart

Historical series
Saudi Arabia - Imports, billion dollars - historical chart - 1968-2023




Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

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What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 139.90 2021 percent
 Trade openness 62.13 2023 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 34.75 2023 percent
 Exports, billion dollars 370.98 2023 billion U.S. dollars
 Growth of exports -6.51 2023 percent
 Imports, percent of GDP 27.38 2023 percent
 Imports, billion dollars 292.28 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.15 2023 percent
 Foreign Direct Investment, billion dollars 28.06 2022 billion U.S. dollars
 Portfolio investment inflows, equities 4,223.41 2023 million dollars (current)
 Current account, percent of GDP 3.19 2023 percent
 Current account, in dollars 34.07 2023 billion U.S. dollars
 Trade balance, percent of GDP 7.37 2023 percent
 Trade balance, in dollars 79.41 2023 billion U.S. dollars
 Reserves 457.95 2023 billion U.S. dollars
 Remittances, percent of GDP 0.03 2023 percent
 Remittances 281.98 2023 million U.S. dollars
 Net errors and omissions -7,309.55 2023 million USD
 Foreign exchange reserves 1,713.65 9/2024 billion
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